I retired and receive social security benefits. My former employer gives $6000.00 a year to use for insurance until you qualify for medicare as an early retirement incentive. The social security says I can make $14200.00 a year and still receive social security.This $6000.00 is included in the early retirement package and I allowed to make $14200.00 a year income. Is this correct?
I realize you have a question about social security. My goal is to help you better understand your options.Thank you for your question. I would love to assist you today. You are correct - if you are under your full retirement age you can make up to $14,640 per year (The $14,200 figure is a figure that is a couple years old) SOURCE: http://www.ssa.gov/pubs/10069.htmlIf the $6,000 is included in the early retirement package you are correct, you can make an additional $14,640 and still draw social security benefits. Once you reach full retirement age you can work an unlimited amount without a reduction in your benefits. Thanks for using Just Answer. Please take a moment to rate my response so that I can be compensated for assisting you tonight. If you have follow up questions, hit "REPLY" or "CONTINUE CONVERSATION." If you have difficulties rating me, please let me know immediately so that I can have your rating applied as this is the only way I get compensated for my efforts.
Tennessee CPA with a Masters of Accountancy from Ole Miss
I noticed you had a chance to review my response, but haven't left a rating. Please let me know if there are any additional pieces of information that you need from me. Otherwise, if you are having difficulty with rating me because of some technical glitch please let me know. Other customers have been experiencing similar issues, and I can send the thread to tech support to receive a manual rating so that I can be compensated for assisting you. However, you have to say that you want to rate me, and what rating you wish to give me. Thanks for your continued support of JustAnswer.